AllianceTexas is estimated to have a $4.73 billion economic impact for 2017, Mike Berry, president of Hillwood Properties, told the City Council.
The 2017 figure brings the total for the 28-year-old development in far north Fort Worth to $69.08 billion. Insight Research Corp. of Dallas compiled a report that totaled investments and the value of jobs at the development.
Berry said more than 1,300 new jobs were added at Alliance in 2017. Over the life of the project, Alliance has created nearly 48,800 jobs.
“We expect growth to become even more robust with the progression of projects such as the new UPS parcel sorting facility, the T5@Alliance Data Center, the Charles Schwab campus and the new Mercedes-Benz Financial Services building, combined with the completion of the airport runway project, increased programming at Alliance Town Center and movement on our mixed-use project at Circle T Ranch,” Berry said.
Hillwood Properties, developer of Alliance, pays property taxes to Fort Worth, Roanoke, Haslet, Westlake, Tarrant County and Denton County, in addition to the Keller and Northwest school districts. Alliance paid $29.1 million in taxes to Fort Worth in 2016. To date, Hillwood has paid $1.9 billion in property taxes. This includes the $173.6 million in property taxes paid to local public entities in 2017.
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